Merit Financial Group LLC Buys 10,818 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Merit Financial Group LLC boosted its position in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,572 shares of the company’s stock after buying an additional 10,818 shares during the period. Merit Financial Group LLC’s holdings in iShares S&P 500 Growth ETF were worth $8,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVW. Western Wealth Management LLC grew its holdings in shares of iShares S&P 500 Growth ETF by 2.8% during the third quarter. Western Wealth Management LLC now owns 229,483 shares of the company’s stock valued at $15,701,000 after buying an additional 6,320 shares during the last quarter. TrueWealth Advisors LLC bought a new position in iShares S&P 500 Growth ETF in the 3rd quarter valued at about $204,000. Dfpg Investments LLC boosted its stake in iShares S&P 500 Growth ETF by 15.0% during the 4th quarter. Dfpg Investments LLC now owns 17,478 shares of the company’s stock valued at $1,281,000 after purchasing an additional 2,277 shares during the last quarter. Northern Trust Corp increased its holdings in iShares S&P 500 Growth ETF by 1.4% during the 3rd quarter. Northern Trust Corp now owns 586,956 shares of the company’s stock worth $40,160,000 after purchasing an additional 8,195 shares in the last quarter. Finally, Financial Perspectives Inc raised its stake in shares of iShares S&P 500 Growth ETF by 2.5% in the fourth quarter. Financial Perspectives Inc now owns 90,929 shares of the company’s stock worth $6,829,000 after purchasing an additional 2,209 shares during the last quarter.

iShares S&P 500 Growth ETF Trading Up 1.9 %

iShares S&P 500 Growth ETF stock traded up $1.52 during trading on Friday, hitting $83.37. 2,580,747 shares of the company were exchanged, compared to its average volume of 3,509,656. The business’s 50 day moving average is $83.08 and its 200 day moving average is $77.35. iShares S&P 500 Growth ETF has a 52 week low of $63.19 and a 52 week high of $85.56. The company has a market capitalization of $43.54 billion, a P/E ratio of 27.41 and a beta of 1.12.

iShares S&P 500 Growth ETF Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market.